The information on the following page was obtained from the records of Breanna Inc.: Accounts receivable Accumulated depreciation Cost of goods sold Income tax expense cash Net Sales Equipment Selling, general, and administrative expenses common stock (9,000 shares) Accounts payable Retained earnings 1/1/19 Interest expense Merchandise inventory Long term debt Dividends declared and paid during 2019 $ 10,609 50,600 129.099 9.000 64,500 193,000 125,000 38,000 93,000 11,309 41,350 5,700 38,800 37,000 5,650 Except as otherwise indicated assume that all balance sheet items reflect account balances at December 31, 2019, and statement items reflect activities that occurred during the year ended December 31, 2019. There were no changes in p- during the year. Required: a. Prepare an income statement and statement of changes in stockholders' equity for the year ended December 31, 20 balance sheet at December 31, 2019, for Breanna Inc. Based on the financial statements that you have prepared for the questions in parts b-e. b. What is the company's average income tax rate? c. What interest rate is charged on long-term debt? Assume that the year-end balance of long-term debt is representati average long-term debt account balance throughout the year. Next complete this question by entering your answers in the tabs perow. Req A1 Req A2 Req A3 Req B to E b. What is the company's average income tax rate? (Round your final answer to the nearest whole percent c. What interest rate is charged on long-term debt? Assume that the year end balance of long-term debt i the average long-term debt account balance throughout the year. Round your final answer to the nearest d. What is the par value per share of common stock? (Round your final answer to the nearest whole Dollar e. What is the company's dividend policy (i.e., what proportion of the company's earnings is used for divid final answer to the nearest whole percentage.) % b Average income tax rate Interest rate 15 % CA d $ 10 Par value per share Dividend % e